Can I retire at age 71 with 755,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$62,347$61,792$61,250$60,721$60,205$59,502
2 years$30,865$30,290$29,733$29,193$28,669$27,961
3 years$20,372$19,795$19,239$18,704$18,189$17,499
4 years$15,127$14,551$14,001$13,475$12,972$12,305
5 years$11,981$11,408$10,866$10,350$9,861$9,219
6 years$9,884$9,316$8,781$8,277$7,803$7,186
7 years$8,386$7,823$7,297$6,805$6,346$5,754
8 years$7,264$6,706$6,188$5,709$5,265$4,698
9 years$6,392$5,839$5,330$4,863$4,434$3,893
10 years$5,694$5,147$4,647$4,192$3,778$3,262
11 years$5,124$4,582$4,091$3,648$3,249$2,758
12 years$4,649$4,112$3,631$3,200$2,815$2,348
13 years$4,247$3,716$3,244$2,825$2,455$2,011
14 years$3,903$3,378$2,915$2,508$2,152$1,731
15 years$3,605$3,086$2,631$2,236$1,895$1,496
16 years$3,345$2,831$2,386$2,002$1,675$1,298
17 years$3,115$2,608$2,171$1,799$1,485$1,128
18 years$2,912$2,409$1,982$1,621$1,320$984
19 years$2,730$2,233$1,814$1,465$1,177$860
20 years$2,566$2,075$1,665$1,327$1,051$752
21 years$2,418$1,933$1,532$1,204$941$660
22 years$2,284$1,804$1,412$1,095$843$579
23 years$2,161$1,687$1,303$997$757$509
24 years$2,049$1,581$1,205$909$680$448
25 years$1,947$1,484$1,116$831$612$394
26 years$1,852$1,394$1,035$759$551$348
27 years$1,764$1,312$961$695$497$307
28 years$1,683$1,237$894$637$449$271
29 years$1,607$1,167$832$584$405$239
30 years$1,537$1,102$775$536$366$211
31 years$1,471$1,042$722$492$331$186
32 years$1,410$985$674$452$299$165
33 years$1,352$933$629$416$271$146
34 years$1,298$885$588$383$245$129
35 years$1,247$839$550$352$222$114
36 years$1,199$796$514$325$201$101
37 years$1,154$756$481$299$182$89
38 years$1,111$719$451$276$165$79
39 years$1,071$683$422$254$150$70
40 years$1,032$650$396$234$136$62
41 years$996$619$371$216$123$55
42 years$961$590$348$200$112$49
43 years$928$562$327$184$102$43
44 years$897$535$307$170$92$38
45 years$867$511$288$157$84$34
46 years$839$487$270$145$76$30
47 years$812$465$254$134$69$27
48 years$786$444$239$124$63$24
49 years$761$424$224$114$57$21
50 years$737$405$211$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $755,000, adding $2,957 every year, while hoping to spend $50,670 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/31/22 Blend
70$755,000$755,000$755,000$755,000
71$835,060$795,045$783,343$868,945
72$866,324$780,090$755,672$877,999
73$899,078$762,704$725,376$882,541
74$933,422$742,714$692,314$886,435
75$969,461$719,937$656,337$889,642
76$1,007,313$694,181$617,291$892,125
77$1,047,103$665,240$575,015$893,845
78$1,088,969$632,898$529,339$894,767
79$1,133,059$596,925$480,087$894,851
80$1,179,537$557,080$427,076$894,062
81$1,228,579$513,106$370,112$892,364
82$1,280,378$464,732$308,995$889,724
83$1,335,144$411,673$243,514$886,110
84$1,393,109$353,624$173,452$881,494
85$1,454,521$290,267$98,578$875,849
86$1,519,657$221,265$18,654$869,153
87$1,588,814$146,259$0$861,389
88$1,662,322$64,874$0$868,188
89$1,740,537$0$0$879,592
90$1,823,854$0$0$899,228
91$1,912,700$0$0$943,814
92$2,007,548$0$0$991,464
93$2,108,913$0$0$1,042,443
94$2,217,359$0$0$1,097,041
95$2,333,507$0$0$1,155,579
96$2,458,037$0$0$1,218,407
97$2,591,693$0$0$1,285,910
98$2,735,295$0$0$1,358,510
99$2,889,741$0$0$1,436,670
100$3,056,017$0$0$1,520,900